A head-to-head comparison of REX SHARES AI Equity Premium Income ETF and NEOS Nasdaq-100 High Income ETF covering yield, cost, risk, and income potential.
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REX Shares is known for specializing in options-based and thematic ETF strategies, offering 23 funds organized across distinct families including Covered Call, IncomeMax Option Strategy, and MicroSectors products. The fund lineup emphasizes income generation through option strategies and sector-specific exposure, with holdings spanning technology, commodities, and alternative assets. REX Shares targets investors seeking non-traditional income approaches and concentrated sector bets, positioning itself in a niche segment focused on structured strategies rather than broad market indexing.
See our curated list of related YouTube videos on AIPI.
ETFs and AUM reflect what Dividend Vision tracks — the issuer's full lineup may be larger.
NEOS is known for developing specialized income-focused ETFs that employ strategies like covered calls, hedging, and enhanced yields across various asset classes. The firm manages 19 funds organized into nine distinct families, including offerings in equity high income, fixed income enhancement, digital assets, and alternative strategies, with popular tickers like SPYI (S&P 500 covered call), QQQI (Nasdaq-100 covered call), and QQQH (Nasdaq-100 hedged equity income). NEOS distinguishes itself in the ETF landscape through its emphasis on income generation and downside protection strategies rather than traditional growth approaches.
See our curated list of related YouTube videos on QQQI.
Generates income by writing covered calls on a portfolio of artificial-intelligence focused
equities while retaining core exposure to the theme.
Seeks to generate high monthly income in a tax efficient manner while targeting equity appreciation.
Asset class
Equity
Equity
Inception date
06/04/2024
01/29/2024
Beta
1.0555
1.0553
Last dividend
$0.2480
$0.6570
Ex-dividend date
07/08/2026
06/16/2026
Bottom lineChoose AIPI if you want to maximize current income — roughly 34.82%, generated by selling options premium. Choose QQQI if you are comfortable trading away most upside for a large, steady payout. There's no free lunch: AIPI's payout comes from selling options, which caps upside and can erode the share price over time, while QQQI keeps full price exposure.
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Projections assume the current yield and share price remain constant. Actual results will vary.
Total returns
AIPI has lagged QQQI over the trailing twelve months, posting a 15.87% total return against 23.86%. Measured from Jun 2024 — when the younger fund began trading — QQQI has compounded at 21.22% a year versus 18.40% for AIPI. Figures are total returns: price change plus every distribution reinvested.
Total return with all distributions reinvested on the ex-dividend date, split-adjusted, as of July 10, 2026. YTD and 1Y are cumulative; longer windows are annualized. “Since Jun 2024” measures every fund from June 4, 2024 — the youngest fund's first trading day — so all funds share one comparison window. Volatility is the annualized standard deviation of daily total returns over the past year. Sharpe and Sortino divide the annualized return in excess of the risk-free rate by, respectively, that volatility and the downside deviation (both over the past year) — higher is better. Max drawdown is the largest peak-to-trough total-return decline over the same window — shallower is better.
Quick verdict
AIPI (REX SHARES AI Equity Premium Income ETF) and QQQI (NEOS Nasdaq-100 High Income ETF) are both dividend ETFs, but they take different approaches.
AIPI offers the higher yield at 34.82% vs 13.99% for QQQI. A higher yield means more current income per dollar invested, though it may come with different risk characteristics.
AIPI is cheaper with an expense ratio of 0.65% compared to 0.68%.
They track different benchmarks: AIPI is linked to Basket (AI Stocks) while QQQI tracks NASDAQ 100, which means their performance drivers differ.
QQQI is the larger fund by assets ($12.5B), which generally means tighter spreads and better liquidity.
Deep dive
Yield & income
On a $10,000 investment, AIPI would generate roughly $290.17/month, while QQQI would produce $116.58/month, at current distribution rates.
AIPI yield34.82%
QQQI yield13.99%
Monthly diff on $10K$173.58
Cost & efficiency
Over 10 years on $10,000, AIPI would cost approximately $650 in fees vs $680 for QQQI (simplified, not compounded). The $30.00 difference may be offset by yield or performance.
AIPI ER0.65%
QQQI ER0.68%
Strategy & risk
AIPI tracks Basket (AI Stocks) with an artificial intelligence (ai) approach, while QQQI tracks NASDAQ 100 with an options approach. Beta is 1.0555 for AIPI and 1.0553 for QQQI, indicating QQQI is less volatile relative to the market.
AIPI beta1.0555
QQQI beta1.0553
Fund details
AIPI is managed by REX Shares (launched 06/04/2024) with $415M in assets. QQQI is managed by NEOS (launched 01/29/2024) with $12.5B in assets.
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Frequently asked questions
Is AIPI or QQQI better for dividend income?
It depends on your goals. AIPI currently offers the higher distribution yield, which means more income per dollar invested. However, a lower-yield fund may offer better total return or lower volatility. Consider your time horizon and risk tolerance.
What is the difference between AIPI and QQQI?
AIPI (REX SHARES AI Equity Premium Income ETF) tracks Basket (AI Stocks) with an artificial intelligence (ai) approach, while QQQI (NEOS Nasdaq-100 High Income ETF) tracks NASDAQ 100 with an options approach. They are issued by REX Shares and NEOS respectively.
Can I hold both AIPI and QQQI?
Yes — nothing prevents holding both. Whether the combination actually diversifies depends on how much the underlying exposures overlap, which isn't fully measurable from the data on this page; review each security's holdings, sector, and strategy before treating them as complementary.
Which has lower fees, AIPI or QQQI?
AIPI has an expense ratio of 0.65% while QQQI charges 0.68%. Lower fees mean more of your investment returns stay in your pocket over time.
How much income does $10,000 in AIPI vs QQQI generate?
At current rates, $10,000 in AIPI would generate roughly $290.17 per month ($3,482.00 annually). The same in QQQI would produce about $116.58 per month ($1,399.00 annually).
Which has performed better historically, AIPI or QQQI?
AIPI has lagged QQQI over the trailing twelve months, posting a 15.87% total return against 23.86%. Measured from Jun 2024 — when the younger fund began trading — QQQI has compounded at 21.22% a year versus 18.40% for AIPI. Figures are total returns: price change plus every distribution reinvested. Past performance does not guarantee future results.
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